This is the correspondence between Bill and I regarding the wager.
According to bill gold should be at $3200 shortly. Below is the original post which I sent bill in an email. See linky for original post
To: elpresidente@gata.org
From: Louiscypher
cc: GATA
Date:
Read Bill's reply below
According to bill gold should be at $3200 shortly. Below is the original post which I sent bill in an email. See linky for original post
To: elpresidente@gata.org
From: Louiscypher
cc: GATA
Date:
Dear Bill,
I read your piece via Zerohedge.com yesterday and
was pretty much in shock. I assumed your account
got hacked and some rogue hacker is now running
around twitting, twatting, skit skating, spamming and flambéing with your good names.
However,
it's been 24 hours and there are no denials so I guess you guys really,
actually expect the price of Gold to double in the next 90 days.
Now seeing as you have put this out there I'll assume you are going to buy some leaps and make some paper on this.
Indeed
(as newsletter writers like to say), as you are entirely comfortable
having the general public make similar bets I have a proposal for you
guys.
I
will bet 1 Oz of 24K gold US mint issued coin that it will not double. I
will also eat your shorts if it does double in the the next 90 days. If
however it does not double in the next 90 days then you will give me a 1
Oz 24 K Gold coin issued by the US mint.
Now
I'll understand if you guys want someone to hold the coins and shorts
in escrow. May I suggest the boys at ZH for the Gold and JPM for the
shorts?
Sincerely,
Louis D. Cypher
Read Bill's reply below
